Citizen Armor

Citizen Armor

Early Stage

Provides concealed, ultra-lightweight, flexible, and highly effective personal protection products

Provides concealed, ultra-lightweight, flexible, and highly effective personal protection products

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Mr. Crowd

Start Date

01/01/2020

Close Date

05/01/2020

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$1

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$8,600,000

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

FashionTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Provo, Utah

Business Type

Life Style

Citizen Armor, with a pre-money valuation of $8.6 million, is raising funds on Mr. Crowd. The company manufactures and sells lightweight, flexible, and concealed personal protection products. The products of Citizen Armor are developed using a special formula called Nano-Protek and protect people against active shooters. Citizen Armor was founded by Aaron K Gilbert in May 2017. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $1,000,000, and the funds will be used for online marketing campaigns and recruitment of dealers and distributors. Citizen Armor already has many civilian products in the market and is in the R&D process to develop more. The company generated revenues of $0.36 million in 2017.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$287,969

$362,296

COGS

$135,610

$197,073

Tax

$0

$8,848

 

 

Net Income

$-261,548

$-19,703

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$57,387

$360

Accounts Receivable

$3,837

$0

Total Assets

$1,011,355

$17,455

Short-Term Debt

$1,579,600

$37,158

Long-Term Debt

$0

$0

Total Liabilities

$1,579,600

$37,158

Financials as of: 01/01/2020
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Citizen Armor on Mr. Crowd
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $8,600,000
Price per Share: $1.00

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